Thin film solar panels are made by depositing thin layers of photovoltaic material on glass, plastic, or metal. Their thickness can vary from few nanometers to micrometers. They are flexible and lightweight. The Thin Film Solar Panels/Module Market has applications in residential, commercial, and utility purposes. The thin film pv panels are cost effective can transform sunlight into electricity in an efficient way. They use low cost substrate which makes them cheaper compared to silicon. Growing awareness about boosting green energy increasing energy consumption drive the growth of the market.

Scope & Regional Forecast of the Thin Film Solar Panels/Module Market

Environmental concerns and increase in R&D activities in the photovoltaic system will enhance the growth of the Thin Film Solar Panels/Module Market. But high manufacturing costs and technological complexity associated with the use of solar technology will restrict the growth of the market.

In 2016, Europe had a major share of pv films. LAMEA is expected to have the highest growth from 2017-2023 due to solar radiation and the use of renewable energy due to more usage of hydropower. Increasing investment in the wind and solar sector in Brazil boosts the market in LAMEA in the coming years.

Copper indium gallium diselenide has a lucrative growth in thin film pv modules followed by Cadmium Telluride. When compared to oil and gas, water, coal, solar cell panel farms can easily harness electricity which in turn is provided to the grid.

In recent times, plenty of research has been going on to make solar cells more user friendly. Various techniques like Nano crystalline solar cells, polymer processing, and thin film processing are advantageous for the development of the market.

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